Overall sales are projected to come in at a seasonally adjusted annual rate of 16.4 million, according to industry tracker Kelley Blue Book, which would be the highest since February 2007. The industry sales rate pushed past the 16-million mark back in August for the first time since the financial crisis hit.

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"In the face of declining consumer confidence, a drop in residential construction and mediocre overall retail sales, the auto industry continued on a sweltering sales pace in November," Kelley Blue Book analyst Jack Nerad said.